Click the appropriate button for a One-Life or Two-Life presentation. Selecting One Life will cause the Second Person and the associated name and age fields to be hidden from view for that run.

Gift Date

Enter the date of the gift. Example: Mo/Day/Yr, 7/14/2000. If you enter an invalid date, such as a letter or blank, the system will default to the current date.

Rate of the Month

The current Rate of the Month (AFR) will display in the drop down box. Choose one of the three rates offered.

Donor

Enter the name of the Donor. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", etc.

First Person

Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.

First Age

You may enter the age of the person instead of the birth date. However, if the birth date is known, click on the calendar icon and choose your birth date. Since ages are to be rounded up if the gift date is within 6 months of the next birth date, entering the birth date is the most accurate method.

Second Person

Second Age

Trust Amount $

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV would be the appraised value of the property on the date of the gift.

Trust Payout%

Enter the percent income payout to the donor. You must select a trust percent payout of 5% or more.

Payment FrequencyMonthlyQuarterlySemiannualAnnual

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

Any tax consequences described on this page are based on U.S. federal
tax law. Charitable deductions from state and local taxes or from
Canadian and provincial taxes may not be available to the same extent
as from U.S. federal taxes. The Jewish Federations of North America
(JFNA) does not provide legal advice. Donors are encouraged to seek
independent tax and legal counsel. You may read JFNA's charitable
solicitation disclosure statement
here
and important information about endowment gifts and bequests to JFNA
here.